This letter is to confirm the mutual intent of a merger between the Dye and Patkins Loan Company and Vincent Industries. We have worked together for the last 15 years and there has been various ups and down which the two companies have worked together to sail through.

As per our conversation last week, we have made the agreement for your perusal. We want the legal procedure to be in place and surely want the approval of the board of directors of both the company.

We request you to consult your legal advisor before taking any decision and signing the agreement.